Quote from @Jemini Leckie: Hello, I am trying to understand the Orem, city code to determine if I am allowed to rent my basement ADU that I currently live in two a couple cousins and their friend.

I racked up debt, at times putting expenses like property taxes on a line of credit.

(I lived in Houston for 29 years--last place was the Rice Lofts downtown.  

Again, we were just happy our expenses were covered on the first home.

Now we could just pad that into the Pm fee, and then we'd raise the PM fee to encapsulate that expense.

Quote from @Tenzapa Wakombe: @jaycee Greene I am in Kentucky now, I used to live in MemphisI am so sorry, I got the terminology wrong silly me!

If you live paycheck to paycheck and do all this you are never going to become an investor because you aren't willing to change your lifestyle now for something you can have in a few years.  

However, what if you prefer simplicity, limited risk, and are living off of the income? 

How much would you need to have in cash to cover expenses on your portfolio for 6 months.

Send me a message if you want to chat in more detail (background is in live in flips, LTR, MTR, and STR).